Morning News Round-up:
Ø IMD predicts below-normal monsoon, says El Niño could make things worse
Ø FIEO sees sharp drop in exports, sees government support
Ø Wipro eyes $2 bn revenues by 2018 in healthcare biz
Ø Advent, Temasek to buy electric biz of Crompton
Ø S&P upgrades outlook on Tata Power to ‘stable’
Ø Shanghvi did not buy Daiichi’s shares: Sun Pharma
Ø Suvidhaa Infoserve applies for payment bank licence
Ø FIIs with tax pact shield may be exempt from MAT
Ø Jet Airways puts its wide-body fleet on sale to reduce debt
Ø Biocon to go ahead with Syngene IPO, listing likely in July
Ø ADB to fund $1 bn for Vizag-Chennai industrial corridor project
Ø YES Bank Q4 net up 28% at Rs 551 crore
Ø Indian Railways first in line to raise rupee bonds offshore
Ø ITC in talks to buy Century’s paper business
Ø Foreign Investors: No MAT likely on coupons on G-Sec, corporate bonds
Ø Wipro staff to get shares worth Rs. 1 crore
Ø Indian Hotels optimistic of settling Sea Rock dispute
Ø US, Canada show interest in Indian virgin coconut oil
Ø Tech Mahindra logs on to gaming business
Ø Walmart wishes to source agri commodities from AP farmers
Ø Sesa Sterlite renamed as Vedanta Ltd
Ø Zomato buys US firm NexTable
Ø E-commerce skews retail market curve in India
Ø Petroleum minister reaches out to industry on gas pricing issue
Ø Poor disclosure practices by top companies
Ø Cabinet approves bill setting up courts for commercial disputes
Ø Anil Ambani heeds Modi call, gives up LPG subsidy
Ø Declining floating stocks of bluechip firms may be adding to their valuation premium
Ø Regional carriers likely to get nod to fly additional metro route
Ø Govt committed to equal access to Internet for all: Ravi Shankar Prasad
Ø GST Bill to be taken up in Parliament in few days: Jaitley
Ø Samsung keen to set up $100 million unit in Telangana
Ø RBI staff concerned over Budget proposals in Finance Bill
Ø Pininfarina says may have M&A news soon, Mahindra seen readying bid
Ø Govt plans to sell road projs worth Rs1L cr
